Nordic FoodTech VC

Nordic FoodTech VC, established in 2018 and headquartered in Helsinki, Finland, is a pioneering venture capital firm focused on investing in early-stage companies within the Nordic food technology sector. The firm supports innovative startups across Denmark, Faroe Islands, Finland, Iceland, Norway, and Sweden, contributing to the region's burgeoning food tech ecosystem.

Mika Kukkurainen

Co-Founder and Partner

Lauri Reuter

Co-Founder and Partner

Pekka Siivonen-Uotila

Partner

Past deals in Food

Fiberdom

Venture Round in 2025
Fiberdom is a company that specializes in the development of sustainable materials derived from wood fibers. They focus on creating plastic-free solutions, particularly in the realm of compostable cutlery designed for food service and take-away applications. Fiberdom's products are fully recyclable and comply with European regulations, catering to environmentally conscious consumers. The company's innovation lies in transforming wood fibers into high-performance materials, contributing to sustainability efforts across various industries. By creating eco-friendly alternatives, Fiberdom plays a significant role in the materials innovation sector.

Endless Food

Pre Seed Round in 2024
Endless Food Co is a pioneering food innovation company dedicated to creating sustainable, delicious alternatives to traditional chocolate. They focus on developing upcycled ingredients that mimic the taste, texture, and functionality of cocoa, without contributing to deforestation or relying on palm oil. The company, founded on the principle that great taste can drive the shift towards a more sustainable food system, has spent a decade perfecting its approach to sustainable gastronomy.

Happy Plant Protein

Pre Seed Round in 2024
Happy Plant Protein is a food technology company specializing in plant protein production. It has developed a unique, single-step extrusion process that converts regular flour into high-quality protein and starch texturates, using minimal water and vegetable oil. This innovative method eliminates the need for complex fractionation, enabling local, cost-effective, and scalable production of plant-based ingredients. The company's technology addresses the growing demand for sustainable food solutions, offering a more efficient and environmentally friendly production process with reduced energy use and minimal processing steps.

ÄIO

Series A in 2024
ÄIO is a biotechnology company focused on developing innovative, plant-based microbial oils that serve as sustainable alternatives to traditional vegetable oils and animal fats. The company specializes in cultivating microorganisms that produce beneficial fatty acids, antioxidants, and pigments, thereby creating healthy polyunsaturated fats. ÄIO's approach involves up-cycling low-value side streams through tailored fermentation processes, which not only fosters environmental responsibility but also promotes healthier consumption patterns. With a commitment to trustworthy biotechnological innovation, ÄIO aims to reshape the future of food production by providing industries with environmentally friendly lipid products that replace unsustainable ingredients like palm and coconut oil.

EvodiaBio

Series A in 2024
EvodiaBio is a bio-industrial company based in Copenhagen that specializes in the production of natural, sustainable scents for the food and beverage industries. Founded in 2021, the company focuses on developing yeast-based products that provide natural blends to replace traditional ingredients such as fresh hops, pellets, or hop oil. This innovation allows breweries to create non-alcoholic beer while maintaining the desired flavor profile, thus promoting a more sustainable approach to brewing.

Enifer

Series B in 2024
Enifer is a biotechnology company specializing in the production of mycoprotein derived from fungal fermentation, aimed at enhancing sustainability in the agrifood sector. The company focuses on converting fish by-products into single-cell protein, which serves as a nutritious alternative to soy in fish feed. This innovative approach not only reduces reliance on soy, which is linked to ecological issues such as deforestation, but also promotes a circular economy by transforming underutilized agricultural by-products into valuable protein-rich biomass. Enifer’s technology supports modern biorefineries in optimizing waste streams, thereby contributing to more sustainable practices in fish farming.

ÄIO

Series A in 2023
ÄIO is a biotechnology company focused on developing innovative, plant-based microbial oils that serve as sustainable alternatives to traditional vegetable oils and animal fats. The company specializes in cultivating microorganisms that produce beneficial fatty acids, antioxidants, and pigments, thereby creating healthy polyunsaturated fats. ÄIO's approach involves up-cycling low-value side streams through tailored fermentation processes, which not only fosters environmental responsibility but also promotes healthier consumption patterns. With a commitment to trustworthy biotechnological innovation, ÄIO aims to reshape the future of food production by providing industries with environmentally friendly lipid products that replace unsustainable ingredients like palm and coconut oil.

Enifer

Series A in 2023
Enifer is a biotechnology company specializing in the production of mycoprotein derived from fungal fermentation, aimed at enhancing sustainability in the agrifood sector. The company focuses on converting fish by-products into single-cell protein, which serves as a nutritious alternative to soy in fish feed. This innovative approach not only reduces reliance on soy, which is linked to ecological issues such as deforestation, but also promotes a circular economy by transforming underutilized agricultural by-products into valuable protein-rich biomass. Enifer’s technology supports modern biorefineries in optimizing waste streams, thereby contributing to more sustainable practices in fish farming.

Chromologics

Seed Round in 2023
Chromologics is a Danish biotechnology company specializing in the development of innovative natural food colorants. Originating as a spin-out from the Technical University of Denmark, the company has created a fermentation-derived platform for producing novel bio-based color pigments. These colorants are designed to offer optimal stability in terms of pH and temperature, making them suitable for a wide range of food products. Chromologics aims to provide food producers with sustainable alternatives to traditional colorants, such as carmine, thereby enhancing the natural appeal of food while supporting a shift towards more environmentally friendly practices in the food industry.

ÄIO

Seed Round in 2023
ÄIO is a biotechnology company focused on developing innovative, plant-based microbial oils that serve as sustainable alternatives to traditional vegetable oils and animal fats. The company specializes in cultivating microorganisms that produce beneficial fatty acids, antioxidants, and pigments, thereby creating healthy polyunsaturated fats. ÄIO's approach involves up-cycling low-value side streams through tailored fermentation processes, which not only fosters environmental responsibility but also promotes healthier consumption patterns. With a commitment to trustworthy biotechnological innovation, ÄIO aims to reshape the future of food production by providing industries with environmentally friendly lipid products that replace unsustainable ingredients like palm and coconut oil.

Nordic Umami Company

Seed Round in 2023
The emission-reduction benefits of shifting to plant-based eating are well documented. Yet many people are still deterred by the taste of plant-based food. Or rather, its lack of taste. Plant-based food is often missing exactly what people crave the most: umami. This is where we come in. We have developed a natural way of using food technology to create plant-based umami from plant food side products. In this way we also tackle another aspect of the food system that we believe needs to be fixed: wasting edible food.

EvodiaBio

Seed Round in 2022
EvodiaBio is a bio-industrial company based in Copenhagen that specializes in the production of natural, sustainable scents for the food and beverage industries. Founded in 2021, the company focuses on developing yeast-based products that provide natural blends to replace traditional ingredients such as fresh hops, pellets, or hop oil. This innovation allows breweries to create non-alcoholic beer while maintaining the desired flavor profile, thus promoting a more sustainable approach to brewing.

RuokaBoksi

Venture Round in 2022
RuokaBoksi is a meal delivery service that provides convenient and healthy cooking solutions to customers. The company allows clients to select their favorite dishes from an online platform, offering a range of easy-to-cook recipes. Each week, RuokaBoksi delivers fresh ingredients and products needed to prepare these meals directly to customers' doorsteps, eliminating the need for grocery shopping and enhancing everyday cooking experiences. By focusing on quality and convenience, RuokaBoksi aims to simplify meal preparation while promoting healthy eating habits.

Melt&Marble

Seed Round in 2022
Melt&Marble is a company focused on enabling the plant-based food industry by providing innovative fat solutions that are both environmentally friendly and palatable. Utilizing precision fermentation, Melt&Marble produces animal fats without the use of animals by engineering microbial metabolism. This approach allows the company to control the structure and properties of the fats generated, enabling the creation of fats that can closely mimic traditional animal fats or even develop entirely new formulations. By generating yeast cell factories through advanced bioengineering techniques, Melt&Marble empowers food manufacturers to enhance the taste and health profile of plant-based foods, aiming to make them as appealing and nutritious as their animal-based counterparts.

Nordic Umami Company

Seed Round in 2021
The emission-reduction benefits of shifting to plant-based eating are well documented. Yet many people are still deterred by the taste of plant-based food. Or rather, its lack of taste. Plant-based food is often missing exactly what people crave the most: umami. This is where we come in. We have developed a natural way of using food technology to create plant-based umami from plant food side products. In this way we also tackle another aspect of the food system that we believe needs to be fixed: wasting edible food.

Chromologics

Seed Round in 2021
Chromologics is a Danish biotechnology company specializing in the development of innovative natural food colorants. Originating as a spin-out from the Technical University of Denmark, the company has created a fermentation-derived platform for producing novel bio-based color pigments. These colorants are designed to offer optimal stability in terms of pH and temperature, making them suitable for a wide range of food products. Chromologics aims to provide food producers with sustainable alternatives to traditional colorants, such as carmine, thereby enhancing the natural appeal of food while supporting a shift towards more environmentally friendly practices in the food industry.

Hailia Oy

Seed Round in 2021
Hailia Oy is a food technology startup focused on the development and provision of fish products. The company specializes in creating nutritious and sustainable food options from under-utilized small fish from the Baltic Sea. Hailia aims to enhance the culinary appeal of these fish by offering innovative product development services that promote the consumption of domestic wild fish. In addition to fish products, Hailia provides fish food and wild fish food services, catering to both consumers and the fishing industry. Through its offerings, Hailia seeks to deliver tasty, healthy, and affordable food while supporting local vendors and fostering a sustainable fish business.

Melt&Marble

Seed Round in 2021
Melt&Marble is a company focused on enabling the plant-based food industry by providing innovative fat solutions that are both environmentally friendly and palatable. Utilizing precision fermentation, Melt&Marble produces animal fats without the use of animals by engineering microbial metabolism. This approach allows the company to control the structure and properties of the fats generated, enabling the creation of fats that can closely mimic traditional animal fats or even develop entirely new formulations. By generating yeast cell factories through advanced bioengineering techniques, Melt&Marble empowers food manufacturers to enhance the taste and health profile of plant-based foods, aiming to make them as appealing and nutritious as their animal-based counterparts.

Enifer

Seed Round in 2020
Enifer is a biotechnology company specializing in the production of mycoprotein derived from fungal fermentation, aimed at enhancing sustainability in the agrifood sector. The company focuses on converting fish by-products into single-cell protein, which serves as a nutritious alternative to soy in fish feed. This innovative approach not only reduces reliance on soy, which is linked to ecological issues such as deforestation, but also promotes a circular economy by transforming underutilized agricultural by-products into valuable protein-rich biomass. Enifer’s technology supports modern biorefineries in optimizing waste streams, thereby contributing to more sustainable practices in fish farming.

Chromologics

Seed Round in 2020
Chromologics is a Danish biotechnology company specializing in the development of innovative natural food colorants. Originating as a spin-out from the Technical University of Denmark, the company has created a fermentation-derived platform for producing novel bio-based color pigments. These colorants are designed to offer optimal stability in terms of pH and temperature, making them suitable for a wide range of food products. Chromologics aims to provide food producers with sustainable alternatives to traditional colorants, such as carmine, thereby enhancing the natural appeal of food while supporting a shift towards more environmentally friendly practices in the food industry.
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